BANK OF SHOREWOOD Failed 2011

SHOREWOOD, IL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

BANK OF SHOREWOOD of SHOREWOOD, IL was closed on 2011-08-05. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3953
FDIC Certificate
22637
FDIC FIN
10386
Bank name
BANK OF SHOREWOOD
Location
SHOREWOOD, IL
Failure date
2011-08-05
FDIC resolution date
2011-08-05
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$29M
Deposits at failure
$104M
Assets at failure
$111M
Acquiring bank
HEARTLAND BANK AND TRUST COMPANY (BLOOMINGTON, IL)